IOST Launches The First Ever Non-DPOS Node Election, And Ebang Reports Significant Drop In Profits

The State of The Market — December 24, 2018BTC: $4,175.80 (+2.85%)XRP: $0.430473 (+14.42%)ETH: $145.64 (+11.79%)

The market is in green once again, adding nearly $14 Billion in the last 24 hours. While Bitcoin is up by just 2%, both Ethereum and XRP are up by more than 10% in the last 24 hours. Ethereum tested its support at $150 and failed, while XRP continues to remain strong above $0.4. Also, Bitcoin Cash (BCH) is trading above $200, doubling its value in the last 7 days. Same time last week, it was trading at around $85. BCH has gained nearly 150% in just one week.

In other news, the Seoul School of Integrated Sciences and Technologies (known as aSSIST), one of South Korea’s major business school is offering a Master’s of Business Administration (MBA) degree program in cryptocurrency and Blockchain technology. The one and a half years long program covers topics such as Bitcoin, Ethereum, crypto funds, smart contracts, game theory, Dapp planning, and how to write persuasive whitepapers. Also, Binance CEO Changpeng Zhao has confirmed that the exchange will add XRP as a base pair. Changpeng tweeted that Binance will be adding several trading pairs with XRP as the quote (base) shortly.

1) IOST (Internet of Services) has officially kicked off the first ever non-DPOS (Delegated Proof of Stake) node election with ZERO barriers for users from the IOST community to participate. As per their statement, voters will get rewarded by voting and nodes have the potential to make millions of dollars every year. The move comes after its recent launch of Testnet v2.0 Everest, which includes all essential features of its Mainnet1.0. (Read More)

2) Early this year, Chinese miner-manufacturer Ebang Communications filed for an IPO with the Hong Kong Stock Exchange (HKEX). The application expired this month, and the firm has filed a second application. However, Ebang comes with a lot of baggage, and HKEX might not approve its IPO. The Securities and Futures Commission of Hong Kong (SFC) has discovered multiple discrepancies in the financial data provided by Ebang. Additionally, the regulator has accused Ebang of forging reports and creating sham contracts. Ebang’s finances also look bleak, as it has reported a ‘significant’ drop in profits without mentioning the actual number. (Read More)

3) Coinbase CEO Brian Armstrong has committed to donate a majority of his crypto wealth in due time. He has signed the Giving Pledge, a declaration of charity created by Warren Buffet and Bill Gates. With coinbase worth $8 Billion, Armstrong’s net worth is estimated to be hundreds of millions, if not billions. Armstrong recently launched GiveCrypto, a nonprofit charity aimed at distributing cryptocurrencies. GiveCrypto has already received donations from the CEOs of Ripple, ZCash, Bitcoin.com, BitMEX, and countless crypto startups. It has distributed thousands of dollars to poor people in Venezuela, Mexico, and Afghanistan. (Read More)

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